This project will explore the Auditing process that you will follow to complete the Audit successfully. Research and select an organization that you are familiar with and is willing to assist you in this project. You have been appointed as the Auditor for a major Auditing firm and need to audit the selected organization.

You may need to make assumptions during this process and when responding to the questions.

 

The objectives of the auditor are: (a) To form an opinion on the financial statements based on an evaluation of the conclusions drawn from the audit evidence obtained; and (b) To express clearly that opinion through a written report Summarise the requirements of the applicable financial reporting framework that the auditor needs to evaluate to form an audit opinion? Propose and summarise the different elements of the Audit report that you will include in your Audit report?